Our goal with this Pasadena Real Estate Blog is to provide you with the latest news, trends, home sales data and market information and how it affects the overall Pasadena real estate market. We offer “at a glance” market reports that allow you to see what the conditions are in your zip code with regards to median prices and current inventory. We also have monthly sales history as far back as January 2005 by zip code, enabling you to follow the sales prices around your property.

Search Homes Listed for Sale, Just Like a Real Estate Agent

However a real estate site is just not complete without a unique tool that offers a quick learning process and is easy to use and understand.
Our new software offers a quick map search for homes listed for sale in Pasadena & neighboring cities. You can enter your price range, highlight the area in which you desire to live, and your options will be displayed on the map. Roll your mouse over the listing and obtain all the necessary information (sq ft., lot size, bed, bath, and price) and see unlimited pictures! Plus you can save your search and be notified by email when a price changes or when a new listing hits the market.

Pasadena Homes for Sale

To Begin:

1. Click the “Search for Homes” icon in the upper left hand corner
2. Identify your property type: single family, residential income, condo, etc
3. Enter your price range

After you have set the parameters to conduct your home search, then you can begin to navigate the map.

Move across the map by either clicking the “zoom” icon just to the right of the directional tool or by pointing your mouse to the “hand” and then adjusting the map to the area you want to search. If you need further adjustment, simply point your cursor to the directional tool at the top of the “zoom in” or “zoom out” tool. Clicking on the “+” will focus your search in a much more definable area and you can begin to read the streets and the neighborhoods will become familiar.

Need to go back or change? Just click on the “-” at the bottom of the zoom tool to see a wider area or focus your search in another part of town. Each of the bars represents a smaller or larger degree of zoom capability. Properties that fall into your defined search parameters will always be displayed.

The Search Results

Since the price range and the area have now been outlined, you can see all the homes in the neighborhood that meet your criteria.

The search I developed was for NE Pasadena. The boundaries were Washington Blvd., to the north and the 210 frwy to the south. Allen St. was the western border and Altadena Dr. was the eastern border. As of today, six homes are currently “for sale” and are listed between $600,000 to $700,000. This graphic has been cut and pasted, but when you visit the site, scroll your mouse over each house and get instant information and a picture (provided the agent has uploaded a picture). Click on the house and a new page will load resulting in much more information, a description and many more pictures.

Use the “hand” tool to go outside the immediate area and scan the map, to see what other homes meet your criteria. If it is within the price range, they will immediately load, providing you with more information.

Get Immediate up2date Information of New Listings

Be the first to know by choosing to “save this search”. You will be taken to a new page to enter some basic information. Log in and you will also be notified by email of new listings in your desired area when they premier on the market and also of price adjustments. I think that would be something important if you were looking for a home, to know that the price had just dropped. If you like what you see or need more information, drop us an email or give us a call. We are here to help and keep you up2date on Pasadena real estate.

Tags: Ca, homes for sale in Pasadena, pasadena california homes for sale, Pasadena home search, search Pasadena homes for sale

Attempting to define the Pasadena real estate market is akin to watching air run through a clear tube. You know its moving, you just can’t see it. I think that is what we are experiencing right now with Pasadena home sales. Conversations with other brokers and escrow agents indicate that there could be a small level of increased activity taking place. Call volume has picked up and it is usually a good indicator of the current market situation, in other words are potential home buyers inquiring about homes listed for sale?

However we look at the empirical data, one of the things we are attempting to identify are trends. Trends such as; are things beginning to improve, are the new increased loan limits now beginning to have an effect, are buyers beginning to return to the market?

Looking at the current housing market barometers, there is very little change with respect to (1) days on market (2) current inventory and (3) median price:

Days on Market

The days on market took a significant dip about 4-6 weeks ago, this could be the result of some properties that have been on the market for many days and have expired and are now no longer for sale. The fact that this has ticked up again indicates no real significance or change.

Inventory

Inventory is still high compared to last year but has been declining as of late. I don’t believe this is attributable to a sales increase, rather I believe it was due to many homes being expired or canceled. The recent rise in inventory seems to indicate this. Single family inventory has been centered around 500 units:

1. week ending 3/28, 497 units for sale
2. week ending 4/18, 511 units for sale
3. week ending 5/2, 492 units for sale

Median Price

Prices still appear to be falling. Once the market begins to pick up this line will begin to flatten as many of these indicators will move in unison. Days on market will begin to fall and inventory will begin to decrease. But until we see that begin to happen, we will take any little bit of good news the market will allow.

Look for the April recap of the Pasadena real estate market within the next couple of days. We will see if the April results show any improvement.
Graphs courtesy of Altos Research, Copyright 2007

Tags: pasadena california homes for sale, Pasadena homes for sale, Pasadena real estate

Earlier this week we reported on the Pasadena real estate market and the sales numbers for March.

Two things are quite obvious; unit sales are off by about 50% across the board. This seems to be true in LA County as well as California. And secondly, inventory levels of homes listed for sale are at the highest point we have probably seen in the last 10 years.

Since the Pasadena area covers such a wide geography and demographic area and because all real estate is local, I decided to break down the analysis by zip code and further dissect what is happening with home values in our city.

Zip Code 91101 - This area is dominated by condos and townhomes. Last year saw quite a bit of activity on newer projects on E. Green St., S. Hudson and Union Street. A market shift has occurred with more mid priced units selling as opposed to higher end units. There are close to 29 homes in foreclosure with about a 10 month supply of inventory.

Zip Code 91103 - Homes within this zip code could be referred to as “A Tale of Two Cities”. This area includes million dollar homes in Linda Vista and also homes east of the Rose Bowl to Marengo. The million dollar market remains fairly strong, however if you exclude homes that sold over $1 million, the median price has fallen from $540,000 last year to $450,000 this year. There are close to 130 homes in this eastern part of the zip code in some stage of foreclosure and approximately a 1 1/2 year supply of homes for sale.

Zip Code 91104 - Including, Orange Heights, Bungalow Heaven, Historic Highlands, Garfield Heights and Brigden Ranch. There is a good cross section of homes in this area and the median price is down about 12%. Also this area is increasing in the number of foreclosures with about 100 properties currently listed. Close to a 10 month supply of homes on the market for sale.

Zip Code 91105 - This area includes San Rafael and features homes in the above average to high price range. It has also been the best performing neighborhood in Pasadena as far as maintaining value and will also be home to the new Pasadena Eco House. Home values have remained strong partly due to the low number (24) of properties in foreclosure. Current inventory indicates about a 12 month supply. This high number of homes for sale could very well produce some softening of values in the future.

Zip Code 91106 - This area features single family homes in Madison Heights in the million dollar plus range, but is also comprised of many condos and townhomes which make up about 75% of the units sold. Most of the price weakness in this area is from the 20+ year old townhomes and condos. Last year we did see the more expensive homes selling over their asking prices, however that has not been the case this year. This are 55 properties in foreclosure with the emphasis on condo/townhomes and several multi-family properties.

Zip Code 91107 - Local neighborhoods include Upper Hastings, Lower Hastings and Chapman Woods. Very similar to the characteristics in zip code 91104. Last year 12 recorded sales (townhomes & condo’s) occurred below $500,000, this year not one recorded sale. Again more evidence that the low end market is suffering the brunt of the housing slowdown. This zip code has suffered the largest decrease in unit sales and with the anemic sales in March, the current inventory is close to a 1 1/2 year supply. Foreclosure property count is 90 units and has been on the rise.

Tags: pasadena california homes for sale, pasadena california real estate, Pasadena home sales, Pasadena real estate, pasadena realtor